If the SI on a certain sum of money at
4% p.a. for 2 years is Rs. 125. What
would be the compound interest if it is
compounded annually at same rate of
interest for the same period?
Answers
Answered by
0
Answer:
P=100xI/NR=loox 125 / 2x4 = 1562.50
A=p(l+r / 100)n
= 1562.50 (1+4/100) 2
=1562.50x!.04x1.04= Rs. 1690
CI = 1690-1562.50 = Rs.127.50
Similar questions